Bilateral relations with both North and South America will increasingly be developed to identify opportunities for enhanced political consultations, trade and investment ties, opportunities for developing and sharing new technologies, particularly in the fields of information communication technology, security and sustainable energy. Malaysia will focus on promoting Malaysia’s trade, investment and tourism potentials as well as opportunities with countries in the Americas region. In this regard, Malaysia will focus its marketing initiatives as one of the safest investment destination for countries such as the United States of America, Canada, Brazil, Argentina, Peru, Mexico, Cuba and Chile.
UNITED STATES OF AMERICA
The US offers immense potential for trade and investment along with cooperation in wide range of areas including security, counter-terrorism, defence and education. Malaysia and the US bilateral relations have been rejuvenated under the leadership of YAB Prime Minister, Dato’ Sri Najib Tun Abdul Razak and US President Barack Obama. Efforts will be made to promote Malaysia as an excellent trade and investment destination, despite differences on a number of issues. Malaysia will continue to engage the US diplomatically to reduce friction and promote dialogue and understanding. Efforts will be made to promote high-level visits from the US and vice versa. The initiative is to ensure Malaysia’s views are well articulated in the US.
Malaysia’s relations with Canada will be further enhanced for the mutual benefit of both countries. Malaysia is Canada’s one of the biggest trading partner in South East Asia and there is still much room for further growth in bilateral trade relations. The potential to attract more investments from Canada to Malaysia is also strong, which could be realised through the active promotion of Malaysia as an attractive and conducive business partner. The State Visit by the Governor General of Canada to Malaysia from 13-16 November 2011 also has proved the good relationship between the two countries.
LATIN AMERICA AND CARIBBEAN ISLANDS
Bilateral relations between Malaysia and Latin America and the Caribbean countries will continue to be advanced, especially on matters related to South-South Cooperation. These relations will be further utilised to enhance economic, scientific, technical and business opportunities as well as to pursue issues of common interest and concern at the multilateral fora.
Malaysia needs to actively promote its expertise and technology in potential areas of strong economic interests. The Malaysian business community should also be encouraged to explore and actively pursue potential investments and trade opportunities, especially in sectors where Malaysia has a clear advantage such as palm oil plantation, infrastructure and ICT.
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